Korea Investment CORP Has $60.63 Million Position in Valero Energy Corporation $VLO

Korea Investment CORP cut its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 14.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 232,795 shares of the oil and gas company’s stock after selling 38,676 shares during the period. Korea Investment CORP owned approximately 0.08% of Valero Energy worth $60,629,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC raised its holdings in shares of Valero Energy by 3,400.0% in the first quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 102 shares during the last quarter. JPL Wealth Management LLC bought a new position in shares of Valero Energy in the third quarter valued at $27,000. Financial Life Planners bought a new position in shares of Valero Energy during the 1st quarter worth approximately $28,000. Valued Wealth Advisors LLC grew its position in shares of Valero Energy by 134.0% in the first quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 67 shares during the last quarter. Finally, Torren Management LLC bought a new position in shares of Valero Energy during the fourth quarter worth approximately $30,000. Institutional investors own 78.69% of the company’s stock.

Insider Activity

In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the transaction, the senior vice president owned 19,742 shares in the company, valued at approximately $5,294,212.14. This represents a 27.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.36% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on VLO shares. Mizuho raised their price target on Valero Energy from $289.00 to $300.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Raymond James Financial increased their price target on Valero Energy from $300.00 to $340.00 and gave the company a “strong-buy” rating in a research note on Monday, July 13th. Piper Sandler reiterated an “overweight” rating and set a $329.00 target price on shares of Valero Energy in a research report on Thursday, July 23rd. The Goldman Sachs Group raised their price target on shares of Valero Energy from $286.00 to $357.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of Valero Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

Valero Energy Stock Performance

Valero Energy stock opened at $349.27 on Friday. Valero Energy Corporation has a fifty-two week low of $140.13 and a fifty-two week high of $352.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.23 and a current ratio of 1.64. The stock has a market cap of $100.56 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 0.23 and a beta of 0.55. The firm’s fifty day moving average price is $292.93 and its 200-day moving average price is $253.69.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, July 30th. The oil and gas company reported $12.54 EPS for the quarter, topping analysts’ consensus estimates of $10.11 by $2.43. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The company had revenue of $44.48 billion for the quarter, compared to analysts’ expectations of $39.47 billion. During the same quarter last year, the company earned $2.28 EPS. The firm’s revenue was up 48.8% compared to the same quarter last year. On average, equities research analysts expect that Valero Energy Corporation will post 40.62 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, July 31st will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.4%. Valero Energy’s payout ratio is presently 19.92%.

About Valero Energy

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.